PAY OFF A MORTGAGE...what would you do?

[Jason C.]

What would you do?

So I purchased a unit in 2016 for $125k. We mortgaged about $87k and now the balance is about $80k. We are renting it for $1195 and making close to $600 per month positive CF.

I’m thinking about paying off the mortgage of $80k next month and will be CF positive $1195 per month now. But I’m losing some of the tax benefits of wetting off the mortgage interest.

So my question to you, would you pay off the mortgage or not? (Assuming purchasing another unit is not an option)

Thanks!